UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company MT Capital. MT Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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It has now been nearly a year since ESMA (in its infinite wisdom) ruling on leverage came into effect - and its been very harsh on many of us brokers, as well as traders. The logic behind why ESMA did this is fair, there was too much risk in the market from both the broker…
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The Financial Conduct Authority (FCA) yesterday published almost finalized rules and guidelines that would be adopted if the UK left the EU without a deal. Most of the proposed changes are based on the powers granted to the FCA by the EU (Withdrawal) Act, hence, they have to be approved by Her Majesty’s Treasury. The…
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Not every government official across the globe contends that cryptocurrencies are the scourge of the earth. In fact, there are many of those in and out of authority that have spoken out from time to time in support of digital currencies and have been critical of government agencies that are stifling innovation. One such individual…
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Australian regulator ASIC has just announced that it has imposed additional conditions on the Australian Financial Services (AFS) license of the company HNW Planning Pty Ltd (HNW). After concluding that HNW did not have adequate monitoring and supervision processes, ASIC has required HNW to engage an independent expert to make recommendations on how to improve…
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Africa seems to be at the forefront of cryptocurrency revolution and blockchain applications. The oldest continent can now boast a revolutionary digital coin that serves to protect a precious animal specious. As cited by CryptoGlobe, Africa houses almost 80% of all existing rhinos in the world. However, the biggest issue is the aggressive poaching…
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The blockchain and cryptocurrency market are constantly facing regulatory backlash from around the world. The SEC in the US has just launched a special fintech office to better understand, and eventually, help regulate the ever growing market. Now, China has stepped up and has proposed certain blockchain-related regulations that may help the rest of the…
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The cryptocurrency world was again taken "aback" by the rumours on what might the G20 ministers come up with about the future of Bitcoin and other altcoins. The G20 ministers are essentially the government heads of the 20 most powerful world economies who met in Argentina for the G20 Summit this month. The major topic,…
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Thailand has now joined the long list of countries that went against Bitcoin and digital currencies as a whole. According to press, Thailand’s central bank said on Monday, February 12th that it had asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading. What that means…
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The largest state bank in Russia, Sberbank, has taken serious steps into introducing a cryptocurrency exchange in Europe through its Swiss branch, Sberbank Switzerland AG, local media group RBC said on Tuesday Jan. 30. The reason for the bank's choice to open the exchange in Switzerland is the fact that right now, cryptocurrency transactions and operations…
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